Precious Metals Mining in Indonesia to 2020

Indonesia was amongst the world’s top ten producers of gold with estimated production of 2,362,900 ounces in 2013. A substantial amount of Indonesia's gold originates from Papua, Sumbawa, Sulawesi, Banten and North Sumatra, Central and East Kalimantan and the North Maluku provinces.

Scope

The report contains an overview of the Indonesian precious metals mining industry together with the key growth factors and restraints affecting the country’s precious metals mining industry. It also provides detailed information about production, prices, reserves, reserves by regions, competitive landscape, major active, exploration and development projects and trade. Also included is the country's fiscal regime, which includes governing bodies and relevant laws, rights and obligations of the mining companies, as well as key fiscal terms.

Reasons to buy

To gain an understanding of the Indonesian precious metals mining industry, the relevant drivers and restraining factors, historical and forecast production and the fiscal regime.

Companies mentioned

PT Freeport Indonesia, Newcrest Mining Ltd, PT Aneka Tambang Tbk, G-Resources Group Ltd, Archipelago Resources Plc

Table of Contents

1 Executive Summary 1

2 Gold Mining in Indonesia 5

2.1 Country Overview 5

2.2 Mining Overview 5

2.3 Gold Mining in Indonesia – Drivers 6

2.4 Gold Mining in Indonesia – Restraints 6

3 Gold Mining in Indonesia – Reserves and Production 8

3.1 Reserves by Geographic Regions 8

3.2 Historical and Forecast Production 8

3.3 Total Production by Region/State 10

3.4 Gold Prices 11

3.5 Competitive Landscape 12

3.5.1 PT Freeport Indonesia 12

3.5.2 Newcrest Mining Ltd 12

3.5.3 PT Aneka Tambang Tbk 13

3.5.4 G- Resources Group Ltd 14

3.5.5 Archipelago Resources Plc 15

3.6 Total Production by Major Mines 16

3.7 Major Exploration and Development Projects 17

3.8 Indonesian vs. Global Gold Mine Production 19

4 Fiscal Regime 20

4.1 Indonesia’s, Governing Bodies 20

4.1.1 Ministry of Energy and Mineral Resources (MEMR) 20

4.1.2 Directorate General of Mineral and Coal 20

4.1.3 Ministry of Environment 20

4.1.4 Nuclear Energy Agency (Batan) and the Nuclear Energy Regulatory Agency (BAPETEN) 20

4.2 Indonesia’s, Governing Laws 21

4.2.1 Law 4/2009 21

4.2.2 Domestic Market Obligation (DMO) 21

4.3 Indonesia’s, Mining Licenses 21

4.3.1 Mining Efforts License 22

4.3.2 Special Mining Business License (IUPK) 22

4.3.3 Contract of Work (CoW) or Coal Contract of Work (CCOW) 23

4.4 Indonesia’s, Mining Rights and Obliogations 23

4.4.1 Rights 23

4.4.2 Obligations 23

4.5 Indonesia’s, Key Fiscal Terms 24

4.5.1 Central Taxes 24

4.5.2 Royalties 24

4.5.3 Capital Gains Tax 25

4.5.4 Corporate Income Tax 25

4.5.5 Depreciation 25

4.5.6 Real Property Tax 25

4.5.7 Withholding Tax 26

4.5.8 Land Tax 26

4.5.9 Branch Profits Tax 26

4.5.10 Loss Carry Forward 26

4.5.11 Value Added Tax (VAT) 26

5 Appendix 27

5.1 What is This Report About? 27

5.2 Methodology 27

5.3 Secondary research 27

5.4 Primary Research 27

5.5 Contact GlobalData 28

5.6 About GlobalData 28

5.7 GlobalData’s Services 28

5.8 Disclaimer 30

List of Tables

Table 1: Gold Mining in Indonesia – Gold Mine Production (Ounces), 2000 – 2020 10

Table 2: Gold Mining in Indonesia – PT Freeport Indonesia, Major Projects, 2013 12

Table 3: Gold Mining in Indonesia – Newcrest Mining Ltd, Major Projects, 2013 13

Table 4: Gold Mining in Indonesia – PT Aneka Tambang Tbk, Major Projects, 2013 14

Table 5: Gold Mining in Indonesia – G-Resources Group Limited, Major Projects, 2013 15

Table 6: Gold Mining in Indonesia – Archipelago Resources PLC, Major Projects, 2013 15

Table 7: Gold Mining in Indonesia – Major Active Mines, 2013 16

Table 8: Gold Mining in Indonesia – Major Exploration Projects, 2013 17

Table 9: Gold Mining in Indonesia – Major Development Projects, 2013 18

Table 10: Mining Industry in Indonesia – Depreciation Tax Rates (%), 2014 25

List of Figures

Figure 1: Gold Mining in Indonesia – Gold Mine Production (Ounces), 2000–2020 9

Figure 2: Gold Mining in Indonesia – Global Gold Prices (US$/Ounce), 2013 – 2014 11

Figure 3: Gold Mining in Indonesia – Indonesian vs. Global Gold Mine Production (Ounces), 2013 19

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